M1 Finance

M1 Finance Promotion Code


$10, $500, $2,000, and $4,000 M1 Finance promotion codes. M1 account transfer bonus offer. New M1 IRA/investment account opening incentive for 2022.


M1 Finance Promotion For Deposit



Open M1 Finance Account

M1 Finance $2,000 Account Transfer Promo




M1 Finance $2,000 Promotion Details


M1 Finance BonusTransfer Amount
$250 $100,000 – $249,999
$500 $250,000 – $499,999
$1,000 $500,000 – $999,999
$2,000 $1,000,000+



M1 Finance $500 Promotion (Expired)



Open M1 Finance Account

M1 Finance Promo Code Details (Expired)


M1 Finance BonusDeposit Amount
$500 $50,000+
$300 $30,000 – $49,999.99
$150 $10,000 – $29,999.99
$75 $5,000 – $9,999.99
$30 $1,000 – $4,999.99



M1 Finance Promotion For Account Transfer (Expired)



Open M1 Finance Account

M1 Finance Transfer Promo Code Details (Expired)


M1 Finance BonusAccount Transfer Amount
$4,000 $2,000,000+
$1,000 $1,000,000 – $1,999,999.99
$1,000 $500,000 – $999,999.99
$500 $250,000 – $499,999.99
$250 $100,000 – $249,999.99
$150 $50,000 – $99,999.99
$75 $20,000 – $49,999.99
$40 $10,000 – $19,999.99


M1 Finance promotion applies to direct account transfers initiated in the first 60 days since M1 user sign-up date from participating brokerages. Payments for eligible transfers will be paid 90 days after the account transfer is received. This offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. This M1 Finance promo code is not valid with ACH deposits, wire transfers or direct 401k rollovers.






How to Open an M1 Finance Account


M1 Finance (commonly referred to as M1) is an American financial services company. The firm offers a  robo-advisory investing accounts. M1 also offers an electronic trading platform via their mobile app or website. Setting up an account with M1 Finance is quick, easy, and free.

To open an account, click on M1 promo link, and click on the “Get Started” button in the upper right-hand corner.


M1 Finance promo code


You will be prompted to fill out personal information, just as you would at any other brokerage firm, which includes email address, first name, last name, date of birth, social security number, annual income, and more.


How Long Does M1 Finance Take To Approve


M1 Finance approves new accounts very quickly. Accounts are usually approved within 24 hours from the time they were opened. Slightly longer approval times can occur when information on the application is missing, contradictory, or needs additional verification.


M1 Finance Account Opening, Maintenance, and Transfer Fees


M1 Finance prides themselves on being The Finance Super App® which allows you to invest, borrow, and spend—commission free.

Although M1’s philosophy is based on helping you invest your money in securities (rather than paying for management fees), there are still some costs you should be aware of before opening an account.

Outgoing Direct Account Transfers: $100
Inactivity fee: accounts with up to $20 & no activity for 90+ days.
IRA Termination Fee: $100 (per event)
Liquidating Securities Traded on Foreign Exchanges: $50
M1 Plus Annual Subscription Fee: $125 per year (optional)

To see the full list of fees associated with having an M1 Finance account, go here.


M1 Finance Minimum Initial Deposit Requirement


A minimum account balance of $100 is necessary to get started on M1. Once the $100 account minimum has been reached, deposits can be any amount above $10.


Fees For Retirement Accounts


There are no fees associated with an Individual Retirement Account at M1 Finance, however, there is a $500 minimum deposit.


Pros of Using M1 Finance


M1 Finance is extremely intuitive, and easy to use. The app and interface is beautifully designed, which allows you to control your investments without any hassle or confusion.

The portfolio rebalancing feature is done at the click of a button, which sells positions in your portfolio which are above your desired holding percentage, and buys into those which are below your desired holding percentage.

For example:

Andrew has a desired portfolio of 40% Stocks and 60% Bonds.

Over time, the stocks in his portfolio increase in value, and will eventually make up 45% of his portfolio, while bonds will only make up 55%. M1’s rebalancing feature would allow Andrew to sell 5% of his stock holdings, and buy back 5% in bonds, so that he would get back to his desired portfolio mix of 40% stocks, and 60% bonds. Of course, Andrew would get to choose the stocks, bonds, and ETFs he buys and sells.


M1 promo


Arguably, the biggest benefit of using M1 comes from the use of their “pies,” which makes it extremely easy to see your personal investments and diversification amongst different assets and ETFs.


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Cons of Using M1 Finance


The downside of using M1 Finance is that they are a smaller company compared to many other brokerages. This can be an advantage, but it can also be a disadvantage in many ways.

For example, there are certain ETFs that are available at Charles Schwab and Fidelity, which are not available at M1.

Furthermore, customer service is less accessible, due to the size of the company. I personally have never needed to reach out to customer service, due to the intuitive design of their website and app, however, I know that some people will need to speak to a representative, which may be harder to access at M1 Finance.


M1 Brokerage


Who is M1 Finance For?


M1 Finance is definitely great for beginner investors, because of their easy to use app, and done-for-you investment pies, however, M1 is not just for beginners… advanced investors are using M1 too.

Beginner investors eventually become seasoned investors, and by creating a platform that is easy to use and understand, M1 is becoming a big player in the financial industry.

We all want convenience and simplicity. The easier something is to understand, the more likely we will be to use it, and that’s what M1 offers. Whether you’re 40 years away from retirement, or just 5 years away, M1 Finance has something for you.


Summary of M1 Finance Promotion


M1 Finance is a fairly new company, but they are making big waves in the FinTech space. They are listening to investors’ needs and innovating new use cases to attract more clientele.

Overall, M1 has most of the features that are available at other large brokerage firms, however they also have additional innovations that make their product superior (in some cases), such as their investment pies, their simple-to-use app, and upcoming options to invest in crypto.

Complexity is one of the main reasons that average investors doesn’t get involved in the stock market, which means they are doing their future selves a huge disservice. M1 Finance is looking to solve that problem, and they are doing a great job at it so far.

Updated on 9/22/2022.


About the Author
Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com. He has been an avid investor for 23 years, and has background in both applied math and programming.